BofA still sees an October Fed rate hike
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Bank of America analysts said in a note Monday that they still see a strong case for the Federal Reserve to hike in October. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA possible Fed hike in October could weigh on equities and bonds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Bank of America says there is a strong case for a Fed hike in October.
- 02The market is pricing a 20% chance of a rate hike, according to the note.
- 03BofA cites September inflation and sees Core PCE possibly ending the year at 3.4%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets